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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JRI who wrote (2180)3/7/2001 10:54:40 AM
From: donald sew  Read Replies (1) of 52237
 
JRI,

>>>> It does seem logical, then, to look back to the period 1991-1994 as a better benchmark for valuations for these companies going forward vs. any PEs after 1995.....1991-1994 was mostly pre-liquidity pump, mostly pre-tech religion, and mostly pre-internet religion <<<<

Im in full agreement, and have been saying that P/Es will return to historical levels since 1998.

As for comparing it to the 1991-1994 P/E levels - that makes sense, rather than earlier periods. which would be even worse. My understanding is that the NDX P/E has been as low as the 12-15 in the really bad years, but historically around 20-30, with the SPX in the 15 range. As for what was the more precise P/E's specificly in 1991-1994, I dont know. Also believe the current P/E's is around 60 for the NDX. Can anyone help and advise more precise levels.
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